. On January 1, 2021, had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 119,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 97,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding Assume that earned net income of $3,362,000 during 2021. In addition, it had 100,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). Earnings Per Share $ Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. Earnings Per Share $ $ Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $447,000 (net of tax). Compute earnings per share for 2021. Income Statement